533.51  Definitions.

As used in this chapter, unless the context otherwise requires:

1.  "Credit union" means a co-operative, nonprofit association, incorporated in accordance with the provisions of this chapter. A credit union is also a supervised financial organization as defined and used in the Iowa consumer credit code.

2.  "Board" means the credit union review board, created in section 533.53.

3.  "Superintendent" means the superintendent of credit unions appointed by the governor to direct and regulate credit unions pursuant to this chapter.

4.  "Account insurance plan" means a plan providing account and share insurance which is of a type authorized under section 533.64.

Section History: Early form

  [C75, 77, § 533.36(2); C79, 81, § 533.51]

Section History: Recent form

  86 Acts, ch 1245, § 750


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